April 29, 2011 Headlines: Bob Casey and Chuck Schumer on China Currency, Krugman on the Fed, China's "Union," and More
USAT: The Chairman of the Joint Economic Committee, Sen. Robert Casey (D-PA), says we need to promote manufacturing and address China’s currency manipulation. He’s unimpressed by the anemic GDP growth numbers released yesterday.
Are the latest GDP numbers a sign that the economy is slowing (FT)? And, is Chinese growth slowing (NYT)?
The Yuan is at its highest level against the dollar since 1993, a sign that pressure works (Bloomberg). Meanwhile, Sen. Charles Schumer (D-NY), fresh off a trip to China, says he remains more convinced than ever that Congress needs to pass currency manipulation legislation (The Hill).
Bloomberg: One million Americans applied for low-wage jobs as McDonalds. McDonalds hired 62,000.
Only four in ten Americans approve of the President’s handling of the economy (The Hill). Greg Sargent provides analysis: people care about the economy, despite all the Washington chatter about the deficit (WaPo).
WSJ: The U.S. rebukes China for “backsliding” on human rights.
WSJ: Reevaluating lean manufacturing.
NYT: Paul Krugman says the inflation argument is winning at the Fed…at the expense of job growth.
NYT: Inefficient trucking in China is causing a headache for its industrial machine.
WaPo: Is the government-controlled union in China actually speaking up for workers?
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